Zetrix AI Bhd, a Malaysian digital infrastructure provider, has raised about US$40 million (RM155.4 million) from the World Bank’s investment arm, the International Finance Corp (IFC), to expand its digital services in Malaysia, Southeast Asia, and other emerging markets.
The company plans to list its artificial intelligence (AI) unit, AI Foundation Lab, on Nasdaq by the end of 2026. The funding will support AI-driven public infrastructure projects, including Malaysia’s national digital identity system and blockchain service network.
“Our AI unit is targeting a Nasdaq listing by year-end to strengthen public services and drive inclusive, sustainable growth,” said Wong Thean Soon, Zetrix’s group managing director. Judith Green, World Bank’s country manager for Malaysia, added that the partnership aims to enhance public service delivery across the region.
